First Trust Energy Infr's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust Energy Infr (NYSE:FIF) announced a monthly dividend of 10 cents per share, with the ex-dividend date set for Thursday. Shareholders owning FIF by the end of Wednesday's session will be eligible for the dividend, which will be paid on June 15, 2023.
May 29, 2023 | 2:50 pm
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First Trust Energy Infr (FIF) will go ex-dividend on Thursday, with a 10 cents per share monthly dividend. Eligible shareholders will receive the dividend on June 15, 2023.
The announcement of the dividend and ex-dividend date is important for FIF shareholders, as it directly affects their returns. However, the short-term impact on the stock price is neutral, as the stock will likely open 10 cents lower on the ex-dividend date, reflecting the payout. This is a common occurrence for stocks going ex-dividend and does not indicate a change in the company's fundamentals or outlook.
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IMPORTANCE 80
RELEVANCE 100